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VOL. 128 | NO. 77 | Friday, April 19, 2013

US Unemployment Aid Applications Rise to 352,000

By CHRISTOPHER S. RUGABER

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WASHINGTON (AP) – The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March’s sluggish hiring may be temporary.

The Labor Department report released Thursday also noted that the four-week average, a less volatile measure, rose only 2,750 to 361,250.

Applications are a proxy for layoffs. They jumped three weeks ago to a four-month high, but then plummeted the following week. The sharp fluctuations reflected volatility around the Easter holiday, department officials said. Overall, applications have declined slightly since January.

“It appears that the modest growth of the economy is continuing to support modest improvement in labor market conditions,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors.

More than 5.1 million people received benefits in the week ended March 30, the latest data available. That was about 125,000 fewer than the previous week.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 97 6,082
MORTGAGES 106 106 7,590
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 155 155 13,878
BANKRUPTCIES 59 59 5,201
BUSINESS LICENSES 19 19 2,293
UTILITY CONNECTIONS 124 124 7,388
MARRIAGE LICENSES 37 37 1,569

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